2020 PEN to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 PEN to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the PEN to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 115.7392. Conversely, the yearly low was recorded on March 19, dropping to 102.7925.
This high-to-low spread represents a total annual volatility of 12.9467 NGN. From a start-to-finish perspective, comparing the January average rate of 108.9360 to the December average rate of 106.6084, the exchange rate registered a net change of -2.14% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 115.7392 was up 5.04% compared to the 2019 peak of 110.1864, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PEN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
PEN to NGN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 110.2037, compared to 107.5148 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.6889 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 10.9682 NGN (High: 113.7607 / Low: 102.7925). On the other end, July was the most stable month, with a tight range of 1.6808 NGN (High: 110.8980 / Low: 109.2173).
Growth Streaks & Declines
TrendsBetween March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 2.3956 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2020: 113.1838) against the same month in 2019 (average: 109.0042), the exchange rate shifted by +4.1796 (+3.83%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 109.8290 | 106.9424 | 108.9360 |
| February | 108.2538 | 105.8040 | 107.3611 |
| March | 113.7607 | 102.7925 | 106.3311 |
| April | 115.7392 | 106.4092 | 113.1838 |
| May | 115.7180 | 112.5029 | 113.9028 |
| June | 114.0129 | 109.4724 | 111.5072 |
| July | 110.8980 | 109.2173 | 110.2283 |
| August | 109.9037 | 106.4841 | 108.1996 |
| September | 109.5567 | 105.9641 | 107.9185 |
| October | 107.9463 | 105.2378 | 106.2540 |
| November | 107.1998 | 103.8341 | 105.8801 |
| December | 109.3938 | 105.1684 | 106.6084 |